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If Y is output, given as a function of an input, X, TC is total cost, given as a function of Y, then the marginal

If Y is output, given as a function of an input, X, TC is total cost, given as a function of Y, then the marginal cost, MC, given as a function of Y is calculated as O The first derivative of TC with respect to X O MC = Y/X O MC = TC/Y O MC = dTC dY

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